Stories for August 2012

Thursday, August 30th 2012 - 05:04 UTC
Mexico strikes light crude oil in deep water deposits; boost for Pemex morale

Mexico’s state oil company Pemex has made a new light crude oil find in the Gulf of Mexico, President Felipe Calderon said on Wednesday, the first such discovery in the country's push to exploit deep water deposits and boost output.
Thursday, August 30th 2012 - 04:55 UTC
Canada confirms Falklands self determination despite lobbying from companies operating in Argentina

The Canadian government reaffirmed its support of the Falkland Islands and their right to self determination, according to a report from the Canadian edition of The Wall Street Journal.
Thursday, August 30th 2012 - 04:50 UTC
Correa and Assange, “two of a kind” writes Nobel Prize Vargas Llosa

The Ecuadorean president Rafael Correa and Wikileaks founder Julian Assange are “two of a kind” because of the multiple abuses to freedom of expression committed by both, wrote Peruvian novelist Mario Vargas Llosa in one of his weekly columns on current affairs.
Thursday, August 30th 2012 - 04:43 UTC
Iran, Venezuela and Egypt, a possible peace troika to address the Syria situation

Venezuelan Foreign Minister Nicolas Maduro has welcomed Iran’s proposal for the formation of a troika committee on Syria consisting of Iran, Egypt, and Venezuela
Thursday, August 30th 2012 - 04:36 UTC
China and Germany, world’s exporting giants meet in Beijing to discuss Euro-crisis

German leader Angela Merkel is due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.
Thursday, August 30th 2012 - 04:32 UTC
Brazil cuts benchmark rate for ninth time running to an all time low of 7.5%

Brazil’s central bank cut the benchmark interest rate for the ninth straight time on Wednesday to an all-time low of 7.5%, as policymakers keep up efforts to bolster a slow-moving economy which is the world's sixth-largest.
Thursday, August 30th 2012 - 04:25 UTC
Venezuelan refinery ‘cooling down’; independent report points to serious lack of maintenance

Venezuela is carrying out an “exhaustive” inspection of its biggest refinery before attempting to restart processing after extinguishing a four-day fire yesterday caused by an explosion that killed 48 people and left hundreds homeless.
Thursday, August 30th 2012 - 04:20 UTC
Brazilian government launches a new round of stimuli to prop consumption

Brazil's government unveiled a host of new measures on Wednesday aimed at increasing investment and consumption as it expanded efforts to boost a sluggish recovery in the world's sixth-largest economy.
Thursday, August 30th 2012 - 04:05 UTC
Brazilians zest for beauty has turned the industry into the world’s third strongest

Since an estimated 40 million people have joined the middle class in the past decade in Brazil, now the world’s sixth-largest economy, the beauty industry is booming and has become the third in importance globally.
Thursday, August 30th 2012 - 03:57 UTC
Canadian company exports first gold doré bar from Paraguayan mine

Latin American Minerals Inc., Lampa, announced on Wednesday the delivery of the first gold doré bar produced at its Paso Yobai Gold Project pilot plant in Paraguay, to the Johnson Matthey Ltd. gold refinery in Brampton, Ontario.